XRP UPDATE!!!!!🔥🚀
Hello friends, greetings again...
As you well know, I only present myself when the price stops rising to analyze with you what the market says.
After appreciating the beautiful rise presented by $XRP after predicting the movement following the breakout, we find ourselves at consolidation and resistance levels between the price of 1.94 - 1.95 (All this in the 4-hour timeframe).
If we lower the timeframe to 1 hour, we can observe a possible descending wedge pattern, in this case, we have two possible outcomes:
1. It breaks the pattern downwards and we enter a market breather as the RSI shows overbought conditions.
2. It breaks the pattern and the resistance to reach 2.00 and then similarly enter a possible breather.
What do I expect? That the market remains positively during the next week due to various news about Ripple; yes, it should enter a breather because it is necessary and it is natural but it won't be so drastic, but as I always say: every breather is an opportunity to buy and hold.
Let’s remember that the market is based on probabilities and analysis, we cannot predict what will happen with the price but we can anticipate movements by meeting certain parameters.
